# Settlement and payouts

> What happens to your position when a market resolves, and how winnings reach your balance.

When a market ends, your position is settled. This page explains what that means for you.

```mermaid
flowchart LR
  A[Market closes] --> B[Venue finalises the result]
  B --> C[Your position settles]
  C --> D[Winning shares pay $1 each]
  C --> E[Losing shares pay $0]
  D --> F[Balance credited]
```

## How it works

1. The market closes.
2. After the venue finalises the result, Doxa settles your position.
3. Each winning share is worth $1. Each losing share is worth $0.
4. Winnings are added to your available balance.

For example, if you hold 10 winning shares, your payout is $10. If you bought them for less than $1 each, the difference is your profit.

## Timing

Settlement does not always happen the moment a market closes. It starts only after the venue has finalised the result. Your winnings can also take a little longer to appear in your balance after settlement. You do not need to do anything. The payout is added automatically.

## Notifications

When your position settles, you get a notification:

- **Win:** "You won", with the amount you received and your profit or loss.
- **Loss:** "Market resolved", with your profit or loss.

## Voided markets

Sometimes a venue cancels a market instead of resolving it. In that case there is no winner or loser. Your position is refunded at what you paid, which is your average cost multiplied by your quantity.

## Paused venues

Winnings are paid even if trading on that venue has been paused. Pausing a venue stops new orders. It does not stop payouts you are owed.

## See also

- [Portfolio](/portfolio/)
- [Withdrawals](/wallet-and-funds/withdrawals/)